Stakeholders, social responsibility in Ecuador

Abstract

Corporate social responsibility (CSR) is important because companies have involvement and commitment to stakeholders. Stakeholders are affected for the organizational operational activities; this causes an impact on social, economical and environmental dimensions. The focus of the research isto determine the incidence of CSR in living standards involved in Ecuadorian value chain. The investigation defines the facts and precedents for the evolution and participation on businesses model in different Latin American countries. In this context, a conceptual review is performed about social responsibility in businesses, ISO 26000 and the position of the stakeholders. This studio is supported throughout a comparative analysis of countries such as: Chile, Colombia and Ecuador, by identifying similarities, special features, strengths and weaknesses, making reference on CSR.